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LVMH, post-countersuit against Tiffany, issues statement that “conditions to close the acquisition are not met”

Posted By Luxury Daily News Service On In Featured,Industry sectors,Jewelry,Legal and privacy | No Comments
Exterior rendering of the renovated Tiffany & Co. flagship. Image courtesy of Tiffany & Co. Exterior rendering of the renovated Tiffany & Co. flagship on Fifth Avenue. Image courtesy of Tiffany & Co.

 

By Luxury Daily News Service

LVMH issued a statement Sept. 29 morning only hours after the French luxury conglomerate countersued Tiffany & Co. to claim that conditions to close the planned $16.2 billion acquisition of the U.S. jeweler were not met.